from which countries do I have to choose from?
Answer:
Explanation:
Externality is a microeconomic concept that aims to explain the positive or negative impact that an economic activity has on third parties. If by exercising an economic activity, a company indirectly benefits society or community, the externality is positive. If economic activity negatively impacts the surrounding community, externality is said to be negative. For example, the pollution that an industry emits in the production process has deleterious effects throughout society, being a negative externality.
Pollution as a negative externality can be classified within the scope of common resource problems. A common resource is a resource to which everyone has access without control. For example, atmospheric air is a common resource for all. When an agent pollutes this resource, it causes a negative externality, leaving everyone worse off than before the pollution.
Answer:
choosing one cereal over another and losing the chance to buy the other
Explanation:
Opportunity cost is the choice sacrificed for another alternative.
Our wants according to economics are unlimited. The resources to meet these unlimited wants are also scare. Production is limited by availability of resources.
Due to limited resources, we have to choose more important needs over the other. Often times, a scale of preference is drawn for our wants.
The cost of choosing one particular commodity over another is called the opportunity cost.
Mekong and yellow they both provide safe drinking water to the surrounding countries
